Last updated
Last updated
Confluence allows Secondary Factions or technical indicators to be set as trend confirmation factors. The Pro Trader will only fire trend signals if the and Confluence indicators agree on trend direction. When confluence indicators disagree, the system will enter a condition. In this scenario, a 'Ranging' signal will fire and chart candles and the will appear yellow.
To maximize the power of this feature, each confluence indicator should be optimized to market conditions. For example, to use Ichimoku Direction (Wizards) as a confluence factor with Vikings, implement the following steps:
Require Trending RSI
Require RSI Breakout
Require RSI Score
Require Trending Acceleration
Require Breakout Acceleration
Load Wizards as the primary .
Select as the strategy in the Wizards settings.
Ensure all boxes in the Confluence and sections are unchecked in order to isolate the Price Action (Ichimoku) algorithm.
Optimize Ichimoku settings until the shows maximum and minimal account .
Switch the primary to Vikings.
Optimize settings until the shows maximum and minimal account .
Select Require Ichimoku Direction in the settings.
Require Strict []
Require Strict []
Required Strict []
Required Strict []
Secondary factions can be used as confirmation factors in either the Confluence or sections. The Require Strict [Faction] setting in the Confluence section requires the secondary faction to be in strict agreement with the primary for trend signals to fire. Whereas, using a faction as Super Trend confirmation allows more slippage in the trend agreement. Each approach will influence trend identification and backtest data displayed in the differently.
All RSI confluence is based on the setting within Rangers.
Require Direction
Require Direction
Require Strong Trend
Require Confirmed Trend
Require Direction
Require
Require Trending
Require Breakout
Require Direction
Require Direction
Require Breakout
Required Cross
Require POC Cross
Require Direction
Require Signal
Confluence factors based on acceleration are based on the algorithm.
Require Growth
Confluence indicators can be set as required confirmation for trend signals to be fired.